Gas Natural SDG SA (GAS.MC) said Tuesday it has signed a supply contract with U.S. company Cheniere Energy Inc. (LNG), under which the Spanish power utility will receive shipments of liquefied natural gas over a 20-year period.

Under the terms of the contract, Cheniere will supply close to 5 billion cubic meters a year of LNG, equivalent to 15% of the annual gas consumption in the Spanish market.

The first shipment is due 2017, Gas Natural said.

-By Christopher Bjork, Dow Jones Newswires; +34913958123; christopher.bjork@dowjones.com

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